August PVC prices in Mexico roll over for pipe-grade, rise for GP

09 August 2012 23:30[Source: ICIS news]

HOUSTON (ICIS)--Polyvinyl chloride (PVC) domestic prices in Mexico for August are assessed at a rollover for pipe-grade and at an average increase of $30/tonne (€24/tonne) for general purpose (GP) grade amid tightening supply, sources said on Thursday.

Resin suppliers are fulfilling contract commitments in Mexico, but spot material from the domestic producer and from US exporters is sold out for August, sources said.

Demand has risen as consumers restock depleted inventories, which thinned as PVC prices declined by 2 cents/lb in July and by 4 cents/lb in June.

PVC domestic prices in Mexico for August are assessed at $1,045-1,095/tonne DEL for pipe-grade and $1,145-1,195/tonne DEL for GP.